Alphawave IP Group (LON:AWE) Trading Up 14.9% – Here’s Why

Alphawave IP Group plc (LON:AWE) shot up 14.9% during trading on Tuesday . The company traded as high as GBX 144.20 ($1.78) and last traded at GBX 143.20 ($1.77). 3,649,579 shares changed hands during trading, a decline of 33% from the average session volume of 5,461,295 shares. The stock had previously closed at GBX 124.60 ($1.54).

Alphawave IP Group Stock Performance

The company has a current ratio of 0.62, a quick ratio of 15.51 and a debt-to-equity ratio of 53.89. The firm’s fifty day moving average price is GBX 114.59 and its two-hundred day moving average price is GBX 123.54. The stock has a market capitalization of £1.12 billion, a PE ratio of -1,684.44, a price-to-earnings-growth ratio of 0.44 and a beta of 0.89.

Insider Buying and Selling at Alphawave IP Group

In related news, insider John Lofton Holt acquired 415,416 shares of Alphawave IP Group stock in a transaction on Monday, December 2nd. The stock was bought at an average cost of GBX 23 ($0.28) per share, for a total transaction of £95,545.68 ($118,015.91). 43.96% of the stock is owned by corporate insiders.

About Alphawave IP Group

Faced with the exponential growth of data, Alphawave IP’s technology services a critical need: enabling data to travel faster, more reliably and with higher performance at lower power. Alphawave IP is a global leader in high-speed connectivity for the world’s technology infrastructure. Our IP solutions therefore meet the needs of global tier-one customers in data centers, compute, networking, AI, 5G, autonomous vehicles, and storage.